India

Saradha scam: Why it makes Mamata nervous and cause Bengal-Centre confrontation

Feb 6, 2019, 11:58 AM IST

New Delhi: In an unprecedented move, the Central Bureau of Investigation (CBI) sleuths were detained when they went to question Kolkata police commissioner Rajeev Kumar in relation to the multi-crore Saradha chit fund scam. Following this, Bengal chief minister Mamata Banerjee sat on dharna after crying foul, even as the Centre alleged that the scamsters are being protected at the behest of Mamata. 

But ever wondered what is this Saradha scam that has rocked the national politics, ahead of the 2019 general elections? In this video, MyNation decodes the scam that has looted the poorest of the poor by deceiving SEBI, money laundering and using shell companies. Here's the ultimate, no-nonsense explainer you need to watch.